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How to Submit Tax Estimation in Malaysia via CP204 Form conveniently

by Shaun Wong for Blog Post

Filing a tax assessment in Malaysia is compulsory under section 107C of the Malaysian Income Tax Act 1967. If the company is starting up for the first time, the assessment must be filed with the IRB within 3 months from the starting date of their operations, but not 30 days before the start of the base period.

How to Submit Tax Estimation in Malaysia via CP204 Form conveniently
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How to Submit Tax Estimation in Malaysia via CP204 Form conveniently

Filing a tax assessment in Malaysia is compulsory under section 107C of the Malaysian Income Tax Act 1967. If the company is starting up for the first time, the assessment must be filed with the IRB within 3 months from the starting date of their operations, but not 30 days before the start of the base period. The prescribed form for initial filing is CP204 form and for verification of initial filing is CP204A form.

CP204 Form
CP204 Form

Example of CP204 Form 

How to Register Tax estimation file?

You can register online for submitting tax estimation. You can apply for a tax number at the nearest office at the company’s correspondence address or at any IRBM office convenient to you, without reference to the company’s correspondence address. After registration, you must send the e-CP204 for tax estimation within 3 months from the date of starting the business. For new companies, instalments must be paid starting from the 6th month of the base period from the start of the operation. CP204 form must be filed within 7 months of the close of the reporting period, which is the base period for the year of the assessment.

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How can a company apply for its tax from IRBM?

If the Company requires a tax statement, the Company can obtain it by calling or writing to IRBM’s Tax Collection.

Submission deadline for CP204 + Monthly Instalments as per Form CP204

How are Borang CP38 deduction shown on the EA Form?

  • SMEs are not required to provide tax estimation or make payments in instalments within 2 years, starting from the year of the estimate in which the SME begins operations.
  • The monthly payment of the calculated tax is paid no later than the 15th day of each month.

LHDN’s statement via letter on CP204 for SMEs

LHDN has made statements on the above for all companies to submit their tax payable estimate via CP204 Form, notifying LHDN of their status as a zero tax payable SME to avoid any possible unnecessary penalties due to administrative issues, even if they are companies not to require to file CP204 form.
If a Section 107C fine is imposed, or if a Section 120 Notice of Litigation is sent to SMEs, you may contact the LHDN branch where the company’s tax returns are kept for an exemption from the fine.

Penalties related to the assessment of tax payable

How are Borang CP38 deduction shown on the EA Form?

  • Failure to submit tax estimation liability, Form CP204 – will be subject to a fine of RM200 to RM2,000, or imprisonment, or both.
  • Failure to pay the monthly tax estimation by the 15th of the month, a 10% penalty will be imposed on the balance of the tax payment not paid for the month.
  • If the difference between the tax actually payable and the estimated tax payable is more than 30%, a penalty of 10% will be imposed on this difference
  • If CP204 form is not provided but the Company has tax payable, the final tax payable must be increased without any further notice by 10% and this amount is refundable as if it were payable under the Income Tax Act.

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